Unusual Machines, Inc. (UMAC) – What Are Brokerages Thinking About This Stock?

Shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC – Get Free Report) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have covered the stock in the last year is $34.71.

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Unusual Machines in a research note on Wednesday, October 7th. National Bank Financial set a $42.00 target price on shares of Unusual Machines in a research report on Wednesday, July 15th. ThinkEquity reissued a “buy” rating on shares of Unusual Machines in a research report on Monday, August 17th. Northland Securities initiated coverage on shares of Unusual Machines in a research note on Friday, October 23rd. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, HC Wainwright began coverage on shares of Unusual Machines in a report on Wednesday, July 15th. They issued a “buy” rating and a $42.00 target price on the stock.

Get Our Latest Report on Unusual Machines

Insider Buying and Selling at Unusual Machines

In other Unusual Machines news, CRO Stacy Rochelle Wright sold 27,500 shares of Unusual Machines stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $26.00, for a total value of $715,000.00. Following the transaction, the executive directly owned 68,750 shares of the company’s stock, valued at $1,787,500. The trade was a 28.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Andrew Ross Camden sold 9,625 shares of Unusual Machines stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $26.01, for a total value of $250,346.25. Following the completion of the transaction, the president directly owned 237,125 shares in the company, valued at approximately $6,167,621.25. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 48,538 shares of company stock worth $1,262,198 over the last ninety days. Company insiders own 4.87% of the company’s stock.

Institutional Investors Weigh In On Unusual Machines

Several hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC grew its stake in shares of Unusual Machines by 845.0% in the third quarter. Sterling Capital Management LLC now owns 1,512 shares of the company’s stock worth $37,000 after acquiring an additional 1,352 shares during the last quarter. IFP Advisors Inc raised its stake in Unusual Machines by 281.4% during the 2nd quarter. IFP Advisors Inc now owns 2,033 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Unusual Machines during the second quarter valued at about $52,000. NFSG Corp acquired a new position in Unusual Machines in the 1st quarter valued at approximately $37,000. Finally, Canton Hathaway LLC bought a new position in Unusual Machines in the third quarter worth $73,000.

Unusual Machines Stock Performance

Shares of Unusual Machines stock opened at $17.87 on Friday. The business has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $19.18. Unusual Machines has a fifty-two week low of $7.24 and a fifty-two week high of $34.93.

Unusual Machines (NYSEAMERICAN:UMAC – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.16). The business had revenue of $16.72 million for the quarter, compared to the consensus estimate of $9.20 million. Sell-side analysts forecast that Unusual Machines will post -0.67 EPS for the current year.

Unusual Machines Company Profile

(Get Free Report)

Unusual Machines, Inc develops, manufactures and sells unmanned aircraft systems and components, with a focus on first-person-view (FPV) drones. Its product offerings include complete drones, motors, propellers, frames, flight controllers and other replacement parts used by recreational pilots, commercial operators and drone builders.

The company also markets FPV-related electronics and accessories, including video equipment and goggles. Its portfolio has included the Rotor Riot and Fat Shark brands, which are associated with FPV drones, pilot content and immersive flight products.

See Also

Analyst Recommendations for Unusual Machines (NYSEAMERICAN:UMAC)

Receive News & Ratings for Unusual Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unusual Machines and related companies with MarketBeat.com's FREE daily email newsletter.